Russia: Former Chancellor Schröder Joins Hyperglobus Amid Tensions with Western Groups

Former German Chancellor Gerhard Schröder has joined the supervisory board of Hyperglobus, the Russian branch of the German retailer Globus. He is seen as an asset to maintain dialogue and support strategic development in Russia, especially in the agri-food sector. This appointment comes amid measures where several Western companies, including Nestlé, Auchan, and Leroy Merlin, have had their assets placed under temporary administration by Russian authorities following a decree signed by Vladimir Putin on September 17, 2026.